Yusen Logistics

Yusen Logistics

One of five Japanese firms in JOC’s Top 40 Global 3PLs, Yusen Logistics logged an estimated revenue of $4.2 billion in 2013, thanks in part to the adverse impact of the yen’s depreciation against the dollar. The NYK Line subsidiary sits at No. 18 on the JOC’s Top 40 Global 3PLs list.

Yusen Logistics had slightly more than 19,000 employees at the end of March 2014. The Tokyo-based company has subsidiaries in the Americas (6), Europe (13), East Asia (11) and South Asia and Oceania (27), as well as in Japan (12).

Major Japanese international freight forwarder Yusen Logistics Co. said that its group net profit more than doubled in the fiscal year ended March 31, as its revenue grew robustly and its strenuous cost-cutting efforts paid off.

The quality, availability and management of data has to improve if the supply chain is to efficiently handle the mountain of information that is now available to carriers and their customers, panelists said at the 13th annual TPM Conference in Long Beach, California.

Yusen Logistics Co.’s group net profit doubled in the first three quarters of fiscal 2014 — despite antitrust losses in the United States and Singapore — thanks to strong revenue growth and strenuous cost-cutting efforts.

After two years of preparations, Nippon Express Co. has set up a subsidiary in Myanmar, formerly called Burma, joining a growing army of Japanese transportation, logistics and other firms aiming to cash in on what is widely seen as Asia’s last frontier market.

Japan and Turkey have kicked off negotiations on a bilateral free trade agreement, as Tokyo sees the newly industrialized country as a potentially lucrative market and strategic gateway to other markets in Europe, the Middle East and elsewhere.

Major Japanese international freight forwarder Yusen Logistics Co. saw its net profit surge 146.8 percent year-over-year in the first half of fiscal 2014, which ended Sept. 31, to ¥695 million ($6.17 million).